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595 J TEN ROD Road, Exeter, RI, 02822 | $275,000
Historic 18th century barn that was expanded in the early 1900's by gentleman farmer Mr. Grinnell is located on Locust Valley Farm which was created and protected by a renowned RI architect and his wife. Sited on 0. 31 acres, the stone foundation barn with wood shingles offers the potential for 4540sf of living area on 2 floors or 6810sf of living area on 3 floors. Seeking the next owner with the vision to use the barn as a single-family residence and crafts shop or art studio. The barn needs complete renovation but benefits from a 2013 roof and an approved 3 bedroom septic design. Set in a bucolic area of Rhode Island surrounded by rolling hills, Locust Valley Farm is currently approximately 45 acres and is located on the banks of the pristine Fisherville Brook & abuts the Fisherville Brook Wildlife Refuge which is the Audubon's largest public property in RI. To preserve & protect this remarkably intact example of a rural settlement spanning from the mid 1700's to the 1920's, there are Locust Valley Farm covenants in place. Conveniently located near 2 railroad stations (Amtrak ? Kingston & Wickford Junction) for train service to NYC & Boston and only 30 minutes to both Providence and Newport.
Features
- Style: Historic/Antique
- Year Built: 1916
- Garage: No Garage
- Heating: None
- Cooling: None
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Approx Sq. Feet: 6,810
- Acreage: 0.31
- Est. Taxes: $3,036
- HOA Fee: $200 Annually
- Appliances: No Hot Water
- MLS#: 1362633
- Website: https://www.raveis.com
/prop/1362633/595jtenrodroad_exeter_ri?source=qrflyer
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888.699.8876
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
595 J TEN ROD Road, Exeter, RI, 02822
$275,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,482 | $1,462 | $1,855 |
| Total Monthly Payment | $1,810 | $1,790 | $2,183 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB